Samsara Inc. (NYSE:IOT) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. trimmed its position in Samsara Inc. (NYSE:IOT) by 30.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,700 shares of the company’s stock after selling 2,951 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Samsara were worth $257,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. NewEdge Advisors LLC boosted its holdings in Samsara by 262.0% in the 4th quarter. NewEdge Advisors LLC now owns 572 shares of the company’s stock worth $25,000 after buying an additional 414 shares during the last quarter. Jones Financial Companies Lllp purchased a new position in Samsara in the 4th quarter worth approximately $31,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Samsara in the 1st quarter worth approximately $31,000. IFP Advisors Inc lifted its stake in Samsara by 290.3% in the 4th quarter. IFP Advisors Inc now owns 804 shares of the company’s stock worth $35,000 after purchasing an additional 598 shares in the last quarter. Finally, Fourth Dimension Wealth LLC purchased a new position in Samsara in the 4th quarter worth approximately $38,000. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Samsara Trading Down 2.0%

Samsara stock opened at $38.38 on Thursday. The stock’s fifty day simple moving average is $42.75 and its 200-day simple moving average is $43.88. The firm has a market capitalization of $21.85 billion, a P/E ratio of -174.45 and a beta of 1.63. Samsara Inc. has a twelve month low of $31.40 and a twelve month high of $61.90.

Samsara (NYSE:IOT) last posted its earnings results on Thursday, June 5th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.06 by $0.05. The firm had revenue of $366.88 million for the quarter, compared to analyst estimates of $351.44 million. Samsara had a negative return on equity of 11.14% and a negative net margin of 9.04%. Samsara’s revenue for the quarter was up 30.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.03 earnings per share. Sell-side analysts predict that Samsara Inc. will post -0.3 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider John Bicket sold 170,000 shares of the stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $39.42, for a total value of $6,701,400.00. Following the transaction, the insider owned 367,642 shares of the company’s stock, valued at $14,492,447.64. This represents a 31.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Sanjit Biswas sold 160,000 shares of the stock in a transaction on Tuesday, April 22nd. The shares were sold at an average price of $34.97, for a total value of $5,595,200.00. Following the completion of the transaction, the insider directly owned 102,000 shares in the company, valued at $3,566,940. This trade represents a 61.07% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,362,323 shares of company stock worth $98,213,010. 46.49% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have weighed in on IOT shares. Wall Street Zen lowered shares of Samsara from a “buy” rating to a “hold” rating in a research note on Friday, May 30th. BMO Capital Markets lifted their price target on shares of Samsara from $48.00 to $54.00 and gave the company an “outperform” rating in a research report on Monday, June 2nd. Morgan Stanley reduced their price target on shares of Samsara from $56.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 16th. Truist Financial reduced their price target on shares of Samsara from $50.00 to $42.00 and set a “hold” rating on the stock in a research report on Friday, March 7th. Finally, Piper Sandler set a $53.00 price target on shares of Samsara and gave the company an “overweight” rating in a research report on Wednesday, June 25th. Nine investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $50.64.

About Samsara

Samsara Inc provides solutions that connects physical operations data to its connected operations cloud in the United States and internationally. The company's Connected Operations Cloud includes Data Platform, which ingests, aggregates, and enriches data from its IoT devices and has embedded capabilities for AI, workflows and analytics, alerts, API connections, and data security and privacy.